Quantbot Technologies LP cut its holdings in Diamondrock Hospitality Company (NYSE:DRH) by 26.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,310 shares of the real estate investment trust’s stock after selling 8,188 shares during the period. Quantbot Technologies LP’s holdings in Diamondrock Hospitality were worth $255,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of DRH. Meeder Asset Management Inc. purchased a new stake in shares of Diamondrock Hospitality during the 1st quarter valued at about $116,000. Ronald Blue & Co. LLC lifted its holdings in shares of Diamondrock Hospitality by 1.0% in the 2nd quarter. Ronald Blue & Co. LLC now owns 11,203 shares of the real estate investment trust’s stock valued at $123,000 after acquiring an additional 116 shares during the last quarter. Piedmont Investment Advisors LLC bought a new position in shares of Diamondrock Hospitality in the 1st quarter valued at about $134,000. World Asset Management Inc lifted its holdings in shares of Diamondrock Hospitality by 0.9% in the 1st quarter. World Asset Management Inc now owns 12,765 shares of the real estate investment trust’s stock valued at $142,000 after acquiring an additional 108 shares during the last quarter. Finally, HRT Financial LLC bought a new position in shares of Diamondrock Hospitality in the 2nd quarter valued at about $142,000.

Several research analysts recently commented on DRH shares. ING Group upgraded Diamondrock Hospitality to an “outperform” rating and set a $13.00 price target for the company in a research report on Monday, July 17th. They noted that the move was a valuation call. BidaskClub downgraded Diamondrock Hospitality from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Canaccord Genuity restated a “buy” rating and set a $13.00 price objective on shares of Diamondrock Hospitality in a research report on Monday, August 7th. Raymond James Financial, Inc. upgraded Diamondrock Hospitality from a “market perform” rating to an “outperform” rating and set a $13.00 price objective on the stock in a research report on Friday, July 14th. Finally, UBS AG raised Diamondrock Hospitality from a “market perform” rating to an “outperform” rating in a research note on Friday, July 14th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the stock. Diamondrock Hospitality presently has a consensus rating of “Hold” and an average price target of $11.92.

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Diamondrock Hospitality Company (NYSE DRH) opened at 10.77 on Wednesday. The stock’s 50 day moving average price is $10.83 and its 200-day moving average price is $11.14. The company has a market cap of $2.16 billion, a PE ratio of 21.80 and a beta of 1.39. Diamondrock Hospitality Company has a 1-year low of $8.73 and a 1-year high of $12.08.

Diamondrock Hospitality (NYSE:DRH) last issued its earnings results on Monday, August 7th. The real estate investment trust reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.01. Diamondrock Hospitality had a net margin of 11.47% and a return on equity of 5.41%. The company had revenue of $243.30 million for the quarter, compared to the consensus estimate of $240.73 million. During the same period in the previous year, the firm earned $0.31 earnings per share. Diamondrock Hospitality’s quarterly revenue was up 1.2% compared to the same quarter last year. On average, analysts forecast that Diamondrock Hospitality Company will post $0.46 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 12th. Stockholders of record on Friday, September 29th will be paid a $0.125 dividend. The ex-dividend date is Thursday, September 28th. This represents a $0.50 annualized dividend and a dividend yield of 4.64%. Diamondrock Hospitality’s dividend payout ratio (DPR) is 102.04%.

In other news, Director Maureen L. Mcavey sold 6,000 shares of the stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $11.20, for a total value of $67,200.00. Following the completion of the sale, the director now owns 81,030 shares of the company’s stock, valued at approximately $907,536. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.10% of the company’s stock.

Diamondrock Hospitality Profile

DiamondRock Hospitality Company is a real estate investment trust (REIT). As of December 31, 2016, the Company owned a portfolio of 26 hotels and resorts that contains 9,472 guest rooms located in 17 different markets in North America and the United States Virgin Islands. Its business is to acquire, own, asset manage and renovate hotel properties in the United States.

Institutional Ownership by Quarter for Diamondrock Hospitality (NYSE:DRH)

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